Sustained Demand Weakness
Subdued discretionary spending and value-driven segment pressure may continue to impact sales and margin recovery.
high · management_commentary
Khadim India Limited — Q3 FY26
Khadim India reported a weak Q3 FY26 with revenue of 86.2 cr (down 21.8% YoY) and a marginal net loss of INR 0.2 cr.
bearish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
High Debtors and Working Capital
Debtors at 198 cr (including 32 cr stuck in Punjab government) represent over one year of franchise revenue, straining cash flow.
high · analyst_questionGST Benefit Not Yet Visible
Despite GST rate reduction, volume elasticity has not materialized; management expects impact only from Q1 FY27.
medium · analyst_questionAthleisure Rollout Constraints
Limited store space and lack of changing rooms restrict athleisure expansion; no clear target for store penetration.
low · analyst_question